UK manufacturing costs explode to 4-year high as Hormuz closure chokes supply

A gauge of British manufacturers’ cost pressures jumped in April and delivery delays were the most widespread since mid-2022 due to the ​standoff in the Strait of Hormuz, according to a survey that underscored ‌the impact of the Iran war.

S&P Global’s UK Manufacturing Purchasing Managers’ Index rose to 53.7 in April from 51.0 in March. The final reading was slightly higher than the 53.6 in ​the provisional April data.

International shipping has been disrupted since the US-Israeli war on ​Iran began in late February...